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12/26/2017 25 out of 100 MENA startups make it to the final stage of the AIM Startup 2018 as race for excellence accelerates - Business Intelligence Midd…

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25 out of 100 MENA startups make it to the final stage of TOP NEWS Business News Company News
the AIM Startup 2018 as race for excellence accelerates Cooper Fitch's Salary Guides 2018 - UAE
and KSA: We are optimistic about
improvements in salary levels for new jobs
in the UAE

UAE. We project some job creation in new sectors such
as Privatisation, Digital banking, Fintech and Blockchain
Source: Pan Asian Media for AIM , Author: Posted by BI-ME staff particularly in Dubai; The outlook for the economy, new
Posted: Thu December 21, 2017 11:46 am jobs, and salaries in Saudi Arabia is improving, and
market sentiment looks reasonably positive.
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25 out of 100 MENA startups make it to the final
stage of the AIM Startup 2018 as race for
UAE. A start-up revolution is about to begin in the Middle East, as 100 pre-selected start-up excellence accelerates
companies entered into a series of a region-wide pitch competition across Jordan, Saudi Healthcare is a major target for cybercriminals
Arabia, and Bahrain, organised by AIM Startup, an initiative of the UAE Ministry of Economy, Bayt.com and YouGov survey: 91% of working
which will host its second annual exhibition, conference, workshop and competition from women in Qatar believe Labour Laws are, at least
April 9-11, 2018 at Dubai World Trade Centre. to some extent, fair to them

Around 25 start-ups were selected out of 100 participating start-ups across the region MORE TOP NEWS
through a series of rigorous pitch competitions. The selected MENA start-ups will now have
the opportunity to come to Dubai and participate at AIM Startup’s Grand Annual Event in
April 2018 – all expenses paid!
Tweets by @bimedotcom
Start-up companies are gradually changing the economic landscape of the Arab world that,
according to the start-up research firm Magnitt, has attracted more than US$1 billion
investment. Instead of seeking employment, most Arab young men and women are now BusinessIntelligence Retweeted
becoming employers – that will help reduce unemployment as well as increase the
economic output in the region. Pomp
@APompliano
However, this is perhaps the tip of the iceberg. The start-up revolution in the Arab World will
accelerate with a threefold jump in mobile broadband subscriptions in the Middle East and This was Jeff Bezos' office in 1999.
Africa between 2016 and 2022, according to report by Ericsson AB. AIM Startup, the largest
such platform in the MENA region for start-ups, is helping create a start-up eco-system that Everyone starts somewhere. Keep going.
will bring investors, venture capitals and start-ups closer to help create employment and
accelerate economic growth.

Business consulting firm Frost & Sullivan predicts that the GCC e-commerce market would
be worth $41.5 billion in 2020, with 53 per cent of this market in the UAE Meanwhile, the
MENA Private Equity Association estimated that the value of e-commerce in the wider
MENA region would reach $200 billion by that same year.
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As many as 60 start-ups from across Saudi Arabia, 20 from Jordan and 20 from Bahrain
battled it out at separate pitch competitions hosted in Amman, Jeddah, Riyadh, Dammam,
and Manama, adjudged by a panel of experts. In Amman, Little Thinking Minds, Arabot,
Mind Rockets, Madfooat and Salasil – were the five start-ups selected by the panel.

In Jeddah, Kees Chic, Avokado, Sadeem, Sydality and Algorizm won the pitch while Fruits
360, Serviis, Ajeer, Fixtag and Nutrifit have been selected by judges in Riyadh.

The winning start-ups from the MENA Roadshow and Pitch Competitions will join another
five top start-ups picked up through AIM Startup’s upcoming Pitch Competition in Kuwait –
who will then enter into the final round of the competition to attract funding and vie for the
coveted prizes of up to US$50,000.

Dawood Al Shezawi, CEO of AIM Startup, says, “This is the first such competition aimed at
helping the region’s start-up community to flourish. The region-wide pitch competition gives
the start-ups in the Middle East a chance to participate at the AIM Startup 2018 and make
their cases for funding among mentors, trainers, business leaders, investors – and help
them source funding.

“These developments make AIM Startup more exciting and relevant as we will see young
women and men showcase new products, services and new processes that will reshape our
lives and the way we work in our respective fields.”

With the theme – Technology for Sustainable Development and Inclusive Growth – the
second edition of AIM Startup has been aligned with the United Nation’s Sustainable
Development Goals (SDGs).

An initiative of the UAE Ministry of Economy, AIM Startup brings tech-entrepreneurs closer
to investors, venture capital funds and mentors, to help new technology-driven solutions and
companies start up and grow.

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